Leidos Holdings, Inc. (NYSE:LDOS) Holdings Raised by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 96.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,381 shares of the aerospace company’s stock after buying an additional 33,608 shares during the quarter. QRG Capital Management Inc.’s holdings in Leidos were worth $9,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC bought a new position in shares of Leidos during the 1st quarter valued at $218,000. Sowell Financial Services LLC bought a new position in shares of Leidos during the 1st quarter valued at $267,000. CHB Investment Group LLC raised its holdings in shares of Leidos by 1.6% during the 1st quarter. CHB Investment Group LLC now owns 18,443 shares of the aerospace company’s stock valued at $2,489,000 after purchasing an additional 299 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Leidos by 9.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 107 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Leidos by 32.7% during the 1st quarter. Ritholtz Wealth Management now owns 10,405 shares of the aerospace company’s stock valued at $1,404,000 after purchasing an additional 2,562 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $148.08 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.65 and a beta of 0.63. The company’s fifty day moving average is $148.21 and its two-hundred day moving average is $144.50. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.29 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.08%. Leidos’s dividend payout ratio is 16.10%.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LDOS. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Royal Bank of Canada raised their target price on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Finally, William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.46.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.